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The Advantages of E-Tendering Quiz

Created by

@MajesticHealing3224

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Questions and Answers

What is one of the benefits of E-Tendering mentioned in the text?

Requires extensive storage space

Relies on traditional communication methods

Shortens procurement cycle (correct)

Increases paperwork

What is a feature of the evaluation process facilitated by the E-Tendering system?

System-aided evaluation process (correct)

Dependence on physical reports

Limited access to evaluation reports

Manual and error-prone evaluation process

How does E-Tendering affect bidding participation for vendors?

Restricts participation to local vendors only

Provides fair, free, and fearless participation (correct)

Increases administrative hassles for vendors

Requires physical submission of bids

How does E-Tendering impact the cost of bidding?

Reduces efforts & cost of bidding Signup and view all the answers

What is a benefit of E-Tendering related to the procurement cycle?

It shortens the procurement cycle Signup and view all the answers

How does E-Tendering impact the storage space required for tender-related documents?

It minimizes the storage space needed Signup and view all the answers

What is a feature of the evaluation process facilitated by the E-Tendering system?

It is system-aided Signup and view all the answers

How does E-Tendering impact the cost of bidding?

It reduces the efforts and cost of bidding Signup and view all the answers

Study Notes

Benefits of E-Tendering

One of the benefits of E-Tendering is increased bidding participation from vendors, as it provides a more accessible and convenient platform for them to participate in the tendering process.

Evaluation Process

A feature of the evaluation process facilitated by the E-Tendering system is that it allows for a more efficient and streamlined evaluation of bids, reducing the time and effort required to review and compare tenders.

Costs and Storage

E-Tendering reduces the cost of bidding for vendors, as it eliminates the need for physical documents and transportation costs.
The system also reduces the storage space required for tender-related documents, as all documents are stored electronically.

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Description

Test your knowledge about the benefits of e-tendering in this quiz. Explore how e-tendering streamlines the procurement process, improves transparency, reduces human errors, and promotes a progressive work culture. Dive into the advantages of a completely automated system and its impact on organizational efficiency and environmental sustainability.